Sell on Bonanza via: Shopify
- Plans start at $29/month
- 90-day free trial
- 24/7 support
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Bonanza is designed to connect online sellers with buyers all around the globe. Sell everything from fashion accessories to auto parts without paying listing fees.
But, signing up for Bonanza and understanding fees on the platform can be complicated. Here’s what you need to know about setting up a Bonanza booth.
You can sell a diverse range of items on Bonanza, with sellers listing items across a variety of categories, including:
If you’re just starting out in the world of online selling, there are a few steps you can take to find products to sell on Bonanza:
Bonanza’s fee structure is somewhat complicated. The good news is that it’s free to sign up for an account and list your items.
Bonanza fees are based on the final offer value (FOV) of a your sales. The FOV is a combination of two things:
So, let’s say you sold a T-shirt for $25, with $12 for shipping. The FOV of that sale would be $27. That’s $25 for the T-shirt and $2 for the shipping over $10.
Based on the FOV of a sale, Bonanza charges a Final Value Fee (FVF):
A minimum $0.50 fee is applies to every sale.
Opt into Bonanza’s advertising program for a fee each time you sell an item. This fee fluctuates, but will never be more than the maximum fee you select. Each advertising tier offers access to a wider selection of shopping channels.
Finally, you also have the option of signing up for a Bonanza membership. There are three main membership tiers to choose from:
|Cost||$40 monthly or|
|$70 monthly or|
|$200 monthly or|
|TurboTraffic to increase booth traffic||Available for purchase||Includes up to 7 days a month||Includes up to 25 days a month|
|Coupons and discounts|
|Maximum items per booth||75,000||75,000||100,000|
|SMS notifications||250 monthly||500 monthly||1,000 monthly|
It offers two other membership tiers:
John sells a vintage book for $30 with a $20 shipping fee. His final order value (FOV) is $40, so Bonanza’s fees are as follows for the standard booth:
If John has signed up for the Basic advertising program:
This depends. The costs of selling online can add up, and there’s no guarantee that you’ll make money. However, a few simple steps can maximize your chances of running a profitable online business:
You can sign up and start selling on Bonanza by completing a few simple steps.
If you’re already selling on other online marketplaces, like Amazon, eBay, Etsy and your own store, you can import your existing store items to your Bonanza booth if you’re using a compatible e-commerce platform. For example, both Shopify and BigCommerce offer apps that allow you to integrate your current store with Bonanza, so you can track your inventory and sales in one place while selling on multiple sites.
Consider two major factors when determining how to price items on Bonanza:
Sellers can only accept PayPal. If you’re a Gold member or higher you can add Stripe payments.
Bonanza doesn’t have its own fulfillment center, so you have two options when shipping items to customers:
If you’re not sure where to start, explore Bonanza’s list of preferred shipping partners.
There are several ways to promote your listings through Bonanza, including:
Be wary of the following drawbacks when selling on Bonanza:
With no listing fees and plenty of product categories, there’s room to make money on Bonanza — if you’re willing to market your booth. Read up on Bonanza’s fee structure and try out the standard booth before you opt into its paid programs. And if you’re planning to sell on multiple sites, compare e-commerce platforms to find one that’s the right fit.
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